DORAL, Fla. — HFF has arranged the sale of a 1.3-acre development site in Doral, a first-ring suburb of Miami, for $5.3 million. An assisted living community is planned for the property, which is located within the 250-acre Downtown Doral mixed-use community.
Downtown Doral comprises approximately 70 shops and restaurants; a business district with almost 1 million square feet of Class A office space; 5,000 luxury residential units; Downtown Doral Charter Elementary School; Downtown Doral Charter Upper School, which is currently under construction; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with art pieces.
“Downtown Doral is a transformative community in Doral,” says Jaret Turkell, managing director at HFF. “This new assisted living project will service a much-needed demand within the area and allow for multi-generational enjoyment within Downtown Doral.”
HFF represented the seller and master developer of Downtown Doral, Codina Partners, in the transaction. The buyer os Goray Development Co. The HFF investment advisory team included Manuel de Zárraga, Jaret Turkell, Maurice Habif and Simon Banke.
“The assisted living component within Downtown Doral perfectly complements the independent living facility and the Baptist Health South Florida healthcare facility that are both under construction in Downtown Doral,” says Ana-Marie Codina Barlick, CEO of Codina Partners.